Vol.6 No.1 (February 2016)
Financial Feasibility Analysis of Tax Reduction and Debt Issuing for the US Government—Based on the NPV Perspective
This paper takes the events that Democratic and Republican tit-for-tat on the budget agreement, which leads to the US government “lockout” once again as the background; the analysis from the perspective of net present value shows that which of the two Parties’ plan is more feasible. Then, we draw a lesson from this idea and think about the problem of high local government debt in our country, which help us assess whether the debt risk of local government is in a controllable condition or in the dormant period before the risk outbreak, and tell us how to treat the problems of high local government debt and its rapid growth. In this paper, the results show that high local government debt does not mean that the risk is very big, but rather should be from the comparison between the financing costs of local government debt and the ROI of debt capital to assess the risk of local government debt.
白 默 , 雍惟杰 (2016) 美国政府减税发债的财务可行性分析—基于净现值分析视角。 现代管理， 6， 23-27. doi: 10.12677/MM.2016.61004
 中人民共和国审计署2013年第24号公告: 36个地方政府本级政府性债务审计结果.
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